María José Luengo-Prado
María José Luengo-Prado
Senior Economist and Policy Advisor

Research

email  Maria.Luengo-Prado@bos.frb.org

617-973-5914

website  Personal Website

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Publications

Refereed journal articles

“The Credit Card Debt Puzzle: The Role of Preferences, Credit Risk, and Financial Literacy,” with Olga Gorbachev. Forthcoming. Review of Economics and Statistics.

“The Rise and Fall of Consumption in the 2000s: A Tangled Tale,” with Yuliya Demyanyk, Dmytro Hryshko, and Bent E. Sørensen. Forthcoming. Economica.

“Household Formation over Time: Evidence from Two Cohorts of Young Adults,” with Daniel Cooper. 2018. Journal of Housing Economics 41(2018): 106–123. https://doi.org/10.1016/j.jhe.2018.06.002

"Moving to a Job: The Role of Home Equity, Debt, and Access to Credit," with Y. Demyanyk, D. Hryshko, and B. Sorensen. 2017. AEJ: Macroeconomics 9(2): 149–181.

"House Price Growth When Children Are Teenagers: A Path to Higher Earnings?" with Daniel Cooper. 2015. Journal of Urban Economics 86: 54–72.

"Time to Cook: Expenditure at Retirement in Spain," with Almudena Sevilla-Sanz. 2013. The Economic Journal 123(569): 764–789.

"The Effect of Education on Risky Equity Holdings," with Dmytro Hryshko and Bent Sorensen. 2012. BE Journal of Economics Analysis & Policy (Contributions) 12(1): article 10.

"Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education," with Dmytro Hryshko and Bent Sorensen. 2011. Quantitative Economics 2(1): 37–72.

"House Prices and Risk Sharing," with Dmytro Hryshko and Bent Sorensen. 2010. Journal of Monetary Economics 57(8): 975–987.

"The Wealth Distribution with Durable Goods," with Antonia Díaz. 2010. International Economic Review 51(1): 143–170.

"On the User Cost and Homeownership," with Antonia Díaz. 2008. Review of Economic Dynamics 11(3): 584–613.

"What Can Explain Excess Smoothness and Sensitivity of State-Level Consumption?" with Bent Sorensen. 2008. Review of Economics and Statistics 90(1): 65–80.

"Durables, Nondurables, Down Payments and Consumption Excesses." 2006. Journal of Monetary Economics. 53(1): 1509–1539.

"Consumption and Aggregate Constraints: International Evidence," with Joseph DeJuan. 2006. Oxford Bulletin of Economics and Statistics 68(1): 81–99.

"The Impact of Passenger Mix on Reported 'Hub Premiums' in the U.S. Airline Industry," with Darin Lee. 2005. Southern Economic Journal 72(2): 372–394.

"Quality Competition in the U.S. Airline Industry: Are Passengers Willing to Pay More for Additional Legroom?" with Darin Lee. 2004. Journal of Air Transport Management 10(6): 377–383.

"Public Education, Communities and Vouchers," with Oscar Volij. 2003. Quarterly Review of Economics and Finance 43(1): 51–73.

Book Chapters

"The User Cost, Home Ownership and Housing Prices: Theory and Evidence from the US," with Antonia Díaz in The International Encyclopedia of Housing and Home, eds. S.J. Smith, M. Elsinga, L. Fox-O'Mahony, S.E. Ong, and S. Wachter. 2012. Amsterdam: Elsevier.

"Homeownership: Economic Benefits," with Antonia Díaz in The International Encyclopedia of Housing and Home, eds. S.J. Smith, M. Elsinga, L. Fox-O'Mahony, S.E. Ong, and S. Wachter. 2012. Amsterdam: Elsevier.

"A Penny Saved is Mobility Earned: Advancing Economic Mobility through Savings," with Reid Cramer, Rourke O'Brien, and Daniel Cooper. 2009. A Report for PEW's Economic Mobility Project.

"Comparative Service Consumption in Six Countries," with A. Kalwij, S. Machin, L. Blow, M. van Deelen, F. Gardes, J. Ruiz-Castillo, J. Schmitt, and C. Starzec in Services and Employment: Explaining the U.S.-European Gap, eds. W. Salverda, R. Schettkat, and M. Gregory. 2007. Princeton, NJ: Princeton University Press.

Working Papers

"The Local Aggregate Effects of Minimum Wage Increases," with Daniel Cooper and Jonathan A. Parker. 2017. Federal Reserve Bank of Boston Research Department Working Papers No. 17-8.

"Sectoral Inflation and the Phillips Curve: What Has Changed since the Great Recession?" with Nikhil Rao and Viacheslav Sheremirov. 2017. Federal Reserve Bank of Boston Current Policy Perspectives No. 17-5.

"Monetary Policy and Regional House-Price Appreciation," with Daniel Cooper and Giovanni P. Olivei. 2016. Federal Reserve Bank of Boston Research Department Working Papers No. 16-18.

"Household Formation Over Time: Evidence from Two Cohorts of Young Adults," with Daniel Cooper. 2016. Federal Reserve Bank of Boston Research Department Working Papers No. 16-17.

"The Credit Card Debt Puzzle: The Role of Preferences, Credit Risk, and Financial Literacy," with Olga Gorbachev. 2016. Federal Reserve Bank of Boston Research Department Working Papers No. 16-6.

"The Credit Card Debt Puzzle: The Role of Preferences, Credit Risk, and Financial Literacy," with Olga Gorbachev. 2016. Federal Reserve Bank of Boston Research Department Working Papers No. 16-6.

"Moving to a New Job: The Role of Home Equity, Debt, and Access to Credit," with Yuliya Demyanyk, Dmytro Hryshko, and Bent E. Sørensen. 2016. Federal Reserve Bank of Boston Research Department Working Papers No. 16-1.

"Household Formation Over Time: Evidence from Two Cohorts of Young Adults," with Daniel Cooper. 2015. Federal Reserve Bank of Boston Current Policy Perspectives No. 15-4.

"The Rise and Fall of Consumption in the '00s," with Yuliya Demyanyk, Dmytro Hryshko, and Bent Sørensen. 2015. Federal Reserve Bank of Boston Research Department Working Papers No. 15-12.

"House Price Growth When Children Are Teenagers: A Path to Higher Earnings?" with Daniel Cooper. 2014. Federal Reserve Bank of Boston Current Policy Perspectives No. 14-13.

"Labor Market Exit and Re-Entry: Is the United States Poised for a Rebound in the Labor Force Participation Rate?" with Daniel Cooper. 2014. Federal Reserve Bank of Boston Current Policy Perspectives 14-2.